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I want accurate answer with proper explanation please I'll upvote show all your work no handwriting Answer the question using the accompanying cost ratios for
I want accurate answer with proper explanation please I'll upvote show all your work no handwriting
Answer the question using the accompanying cost ratios for two products, fish (F) and chicken (C), in countries Singsong and Harmony. Assume that production occurs under conditions of constant costs and that these are the only two nations in the world. Singsong: 1F = 2C Harmony: 1F = 4C Which one of the following would not be feasible terms for trade between Singsong and Harmony? O 1 fish for 3 chicken O 1 chicken for 1/5 of a fish O 1 chicken for 1/3 of a fish O 1 fish for 2% chickenSuppose there are 2 countries that currently do not trade. Each produces only Bread and Apples. County A, employing all its resources can produce 7 units of Bread and 0 Apples OR 7 units of Apples and 0 Bread, or any combination in between. Country B. employing all its resources, can produce 10 units of Bread, 0 Apples, or 30 units of Apples, 0 Bread or any combination in between. Costs in each country are Constant. Is there any reason for these 2 countries to trade with each other, Why? 10pts. If there is trade, between what range of exchange, Bread : Apples will trade take place, if at all? + 5 ptsStep by Step Solution
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